IN BRIEF: Target Healthcare REIT asset values edge up in first quarter
Target Healthcare REIT PLC - real estate investment trust focused on care homes - EPRA net tangible assets are 123.2 pence per share on September 30, up 0.9% from 122.1p on June 30. Revaluation gains on investment properties of 0.9p and positive movement in revenue reserve of 1.7p are partially offset by the payment of a 1.5p dividend. The period represents Target Healthcare's financial first quarter. Back in September, Target Healthcare hailed its best annual performance since its initial public offering in 2013. Its annual dividend was up 2.5% to 6.032p per share and its target for financial 2027 of 6.212p represented another 3.0% increase. On Tuesday the trust declares a 1.553p dividend for the recent quarter, in line with this target. Total NTA on September 30 is GBP764.1 million, up from GBP757.6 million on June 30. Read More